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March 10, 2025
Question

Where do you inpiut Performance Stock Unit (PSU) information. There is a selection for RSU"s, but not PSU's.

  • March 10, 2025
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    March 17, 2025

    Once Performance Stock Units (PSUs) vest and the underlying stock is received by the employee, the tax treatment is exactly the same as Restricted Stock Units (RSUs).  I recommend that you do not import the Form 1099-B for any company stock sale, and instead enter it manually.  For the PSUs, just like RSUs, when the stock is issued it is a taxable event.  The value of the stock on that day is considered earned income.  It is subject to income and payroll tax withholding and is included in you box 1 of your W-2.  That amount is your total cost basis.  When you sell PSUs or RSUs, Brokers almost always report the wrong cost basis on Form 1099-B, so it has to be adjusted after entering the transaction.     

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